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GBP???
Oct 07, 2016 at 00:14
Anggota Sejak Jun 14, 2013
130 pos
Comment by French president Hollande:
'Britain must suffer the consequences of leaving the EU to avoid EU existential crisis' (According to John Kicklighter, DailyFX)
This triggered an HFT Flash Crash on thin liquidity during Asian markets.
Think the market should retrace to levels before the drop.
'Britain must suffer the consequences of leaving the EU to avoid EU existential crisis' (According to John Kicklighter, DailyFX)
This triggered an HFT Flash Crash on thin liquidity during Asian markets.
Think the market should retrace to levels before the drop.
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Oct 07, 2016 at 06:22
Anggota Sejak Jul 25, 2016
237 pos
theHand posted:
Now we wait for the deluge of complaints from the managed accounts that failed.
Everyone wants to share the profit, no one wants to share the losses.
Very well said. I sure have not seen anyone who has made even 600 pips from that drop of GBP/JPY but I sure have seen many margin calls. They made the spread like 550 pips. so trust me the spread alone would of closed the sellers, as they need to get out on the ASK price which remained near where it dropped! That is how the market can hit brokers hard or the brokers who bet against their clients can get manipulated very easily!
@GJscalper for more information
Anggota Sejak Mar 17, 2014
2 pos
Anggota Sejak Sep 12, 2015
1948 pos
Oct 07, 2016 at 08:01
Anggota Sejak Sep 12, 2015
1948 pos
Wow what a move on Eur/Gbp if that was a mistake it should pull back down to 88 levels again,saying that traders act foolish after times like this,wouldn't surprise me if it shot back up.Anyway I think HFT on thin liquidity,there was chat during the week of a huge short position on Gbp.
"They mistook leverage with genius".
Anggota Sejak Mar 17, 2014
2 pos
Oct 07, 2016 at 08:02
Anggota Sejak Mar 21, 2012
1 pos
"Aut viam inveniam aut faciam (We will either find f way, or make one)" Hannibal Barca
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Oct 07, 2016 at 10:18
Anggota Sejak May 11, 2011
235 pos
snapdragon1970 posted:
I was drinking whiskey celebrating at the time, my gfs 10k profit on oil.
Congratz to her! Well done.
I'm also not a fan of black gold (too manipulated by OPEC), more a gold & silver fanatic 😁
For every loss there should be at least an equal and opposite profit.
Oct 07, 2016 at 10:47
Anggota Sejak May 11, 2011
235 pos
mlawson71 posted:
Does anyone know why this actually happened?
Pure speculation everywhere.
1. Asia scare on news of possible hard Brexit.
2. Algorithmic trading going haywire on low volumes.
3. Gold finger tycoon (a George Soros of Asia type event)
4. Nigel Farage had a nightmare (not really, but may as well throw it in)
Seems nobody knows, or will ever know exact reason, and every definitive answer is a variation of speculation noise.
For every loss there should be at least an equal and opposite profit.
Anggota Sejak Sep 12, 2015
1948 pos
Oct 07, 2016 at 10:56
(diedit Oct 07, 2016 at 11:04)
Anggota Sejak Sep 12, 2015
1948 pos
xgavinc posted:Thanks !Yeah that's why I don't trade it.Traded Gold a few times below 1200 otherwise FX.snapdragon1970 posted:
I was drinking whiskey celebrating at the time, my gfs 10k profit on oil.
Congratz to her! Well done.
I'm also not a fan of black gold (too manipulated by OPEC), more a gold & silver fanatic 😁
"They mistook leverage with genius".
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